The UTI Bank has joined hands with Reliance Industries Ltd (RIL) for the company's second SEZ in Maharashtra, proposed near Alibaug in Raigad district of Maharashtra. UTI Bank will structure and syndicate loans for the project, and lead a consortium of banks that will fund the project. With 70-80% of the state government approvals received, the remaining legal procedures are expected to come through in 3-4 months.
RIL is also implementing an SEZ project in the satellite city of Navi Mumbai. The other projects of RIL include the petrochemicals SEZ at Jamnagar and the Reliance Haryana SEZ in Haryana.
23-Dec-05 
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